Everything you should know about Tenant Representation
A Tenant representative, often known as a tenant rep, is a commercial real estate expert who only works for the tenant. It differs from traditional real estate brokers, who act as landlords and tenants' agents (and thus have an inherent conflict of interest). Before you appoint a tenant representative, you need to have a fundamental grasp of what they do: A tenant representative's primary responsibility is to assess your situation and determine whether you should stay or depart. You have the option of waiting or weighing your options to see if your company is ready to relocate. A commercial real estate professional working solely on a tenant is an Office Tenant Representation . Retail Tenant Representation works in the best interests of the tenants, not always the property owner. Industrial Tenant Representation is needed when an industrial tenant is looking for specific leasing space and requires an agency to represent the landlord and negotiate the best terms on ...